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Challenor Finance

  • Personal Loans up to R80,000
  • Affordable Personal Loans
  • Repayment up to 24 months

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Challenor Finance homepage
Author Challenor Finance. Screenshot of Challenor Finance website.
[Accessed May 4, 2023]

About Challenor Finance

Few lenders value the importance of creating sustainable communities in South Africa.

Challenor Finance is a longstanding accredited finance provider that seeks to enrich the lives of South Africans by enabling them to become active contributors to the economy.

Challenor Finance as a reliable, specialized lender

Since its inception in 1991, Challenor Finance has provided in excess of 1.2 million short- and long-term personal loans to those who find themselves in need. With a track record of over 30 years, they can boast reliable, efficient lending to their customers.

Challenor Finance specializes solely in personal loans enabling them to provide their customers with expert, highly specific advice and assistance that companies with a broader range of loan products may not always be able to provide.

Valuing customer centricity and satisfaction

Customer centricity and satisfaction make up the core of Challenor Finance as a business that sets them apart from other credit providers. Their gradual expansion from Kwa-Zulu Natal, where it all began, to seven more provinces is a testament to their commitment to putting the needs of the customer first.

Excellent support

Challenor Finance has friendly staff who are always available to help you with any queries that you might have regarding their loans and the application process.

Challenor Finance also assists you to make financially sound decisions by providing you with a range of articles containing tips on how to make the best of your money and ensure a financially secure future. These articles are on their website and are freely accessible!

Visibility for your convenience

Challenor Finance wants you to stay up to date so that you can take full advantage of its offerings. You can find them on Facebook and LinkedIn where they post their latest finance offerings and technological developments designed with you in mind.

Challenor Finance Services

Challenor Finance understands that life is full of financial surprises and demands that you may not always be able to meet on your own. With this in mind, their offer caters for a wide range of needs, which may include:

  • Lobola
  • Finance to host traditional ceremonies
  • Education fees
  • Hobby-related purchases such as golf club sets and musical instruments
  • Building and furniture finance
  • Emergencies such as funerals and medical procedures
  • Holidays

In essence, their personal loans can be used for anything. Challenor Finance has a range of supporting services to make your borrowing experience as seamless as possible.

Partnering with furniture stores

The accredited lender has partnered with several furniture stores. As part of the arrangement, Challenor Finance pays the full purchase amount to the store on behalf of its customers. In turn, its customers pay them over the agreed period of time.

Flexible repayment periods

Challenor Finance also understands that your needs are specific and may require assistance over a short or long period of time.

That’s why you’re able to choose the length of your repayment term. Short-term loans can be repaid over a minimum of 3 months, while long-term loans can be repaid over a maximum period of 24 months.

Access a personal loan of up to R80 000

Challenor Finance offers personal loans ranging from R2 000 to R80 000. They engage in responsible lending and ensure that they consistently meet the following criteria:

  • Offer their customers competitive lending rates
  • Issue the payments directly into the customers’ bank account within 24 hours of approval
  • Do not charge any upfront fees that put an unnecessary financial strain on their customers
  • Offer fixed interest rates and monthly repayments
  • Allow the customer to choose between short and long-term offerings that best suit their needs

If you're looking for a fast, convenient personal loan with reasonable terms that will leave you feeling lighter and in a better space financially, you do not need to look any further than Challenor Finance!

Challenor Finance – Personal Loan

  • Loan Type Personal Loans
  • Loan Amount up to R80,000
  • Repayment 3 months to 24 months

Benefits of Challenor Finance

  • Quick online loan approval
  • Personalised interest rates
  • Affordable repayment terms

Personal Loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

The application process can be completed in just three easy steps!

Challenor Finance wants to make the process as smooth as possible for you so they’ve ensured that you don’t need to submit more paperwork than what’s absolutely necessary.

How exactly does the application process work?

  1. The first step is to fill out an online form - All documents as part of your application process can be uploaded on the system. This means that your personal loan is just a few clicks away! All your information will be treated in a confidential manner.
  2. Receive approval - You’ll get a response within 24 hours of submitting your application and all the necessary documentation.
  3. Money in the bank! You can expect the funds to reflect in your bank account within 24 hours of receiving your approval.

Other ways you can apply for a personal loan

If you’re not too sure about how to go about the process of applying, simply call Challenor Finance and one of their agents will help you. They can even do the application with you over the phone.

If you’re more on the tech-savvy side, Challenor Finance offers you the option to scan the QR code found on their Facebook page. This will take you directly to their online application page.

Pre-approval will save you time

Challenor Finance not only wants to assist you to get more money, but they prioritize saving your time as well.

Often people find themselves going through a lengthy application process only to be informed that they are ineligible. In some cases, the granted amount is far less than what they applied for and won’t be enough to meet their needs. Challenor Finance wants to ensure that you don’t spend your precious time applying for a loan only to end up being told that you are unsuccessful.

They have a simple personal loan pre-approval system that you can use to check if you qualify and to check how much you actually qualify to borrow. To get pre-approval, send sms with your ID number only to 35304. It’s as easy as 1,2,3!

When you apply make sure that you have your:

  • Completed online form
  • Identity document
  • 3 months' bank statement
  • Latest payslip
  • All applicants need to have been employed for at least a year to qualify.

Challenor Finance Contact

Contact Number


  • not available


Physical Address

  • 45 Mckenzie Rd, Windermere, Morningside Durban 4001 South Africa
  • Get Directions

Postal Address

  • PO Box 47770 Greyville, Durban, 4023, South Africa

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday 08:00 – 17:00
  • Sunday 08:00 – 17:00